Business optimism rises as Coolidge and Mellon signals boost hopes
Babson Park special notes two encouraging messages for business from President Coolidge and Secretary Mellon. Business conditions run about 17 per cent above normal, with higher buying power as holidays near and demand for bonds strengthens. Agriculture shows farmers selling more grain. corn husking and cotton picking near done. Foreign news focuses on debt settlement talks and Anglo-Turkish Mosul dispute.
MENTIONED IN THIS ARTICLE
Babson Park
Mass
Coolidge
Congress
Mellon
M. Loucheur
Mosul
Iron and steel industry faces surplus production gap
Industry shows cheer in recent reports of large unfilled orders but recognizes remaining excess production over domestic consumption in most lines.
MENTIONED IN THIS ARTICLE
Iron & Steel
Wholesale trade slows as retailers fear excess stock
Wholesale trade quieted further as retailers avoid overordering for the inventory period. Across the country, favorable weather last week boosted shopping, with Christmas clubs helping retailers by drawing out savings accumulated over months.
MENTIONED IN THIS ARTICLE
Af Country
Employment Figures Boost Public Buying Amid High Labor Use
Employment figures show labor more fully employed than usual for the season, supporting better public buying. Despite a hard coal strike, general labor views remain safe and sane.
Commodities Show No Change Amid Stable Week
Markets report little movement in commodity prices over the past week as speculation remains low. Car loadings dipped below the million mark for the first time in 19 weeks but remained comfortably above the 192 threshold.
Yearly readjustments affect weekly failures pattern
Failures across the country remained higher than the prior week but below the same period in 1924, with the average holding up. Analysts expect year end readjustments to reveal their effects as this period advances.
City Construction Surges Amid Speculation
Construction progress amazes observers as city building surges with unprecedented scale. Cheap money fuels the trend, driving the speculative boom and shaping the urban landscape.
Money Market Steady With Quiet Commercial Paper
Money has found call rates higher somewhat during past week, but otherwise there was no particular activity and commercial paper was quiet. There was some heavy calling of loans.
Banking gains and steady liquidity cited in weekly review
Banking showed clear gains last week with 3.5 percent above the prior year and the yearly average. Supplies of loanable funds and liquid capital increased while stocks fluctuated irregularly with no decisive movement in either direction. Much of the industrial list.
Chicago Livestock Prices Extend Mixed In Market On Slower Trade
The Chicago livestock market reports 35 000 hogs with early gains of 5 to 10 cents and lightweights up 10 to 15 cents, later slow trade and steady packers bids. Cattle at 5 000 with dull activity and declines 10 to 25 cents, vealers and yearlings mixed. Sheep 7 000 active with fat lambs around 16 to 16 75 and ewes 8 50 to 8 75.
MENTIONED IN THIS ARTICLE
Chicago Livestock
Chicago
United States Department of Agriculture
Market Report Silver Prices Dip in New York
In New York on December 18 the price of bar silver falls to 69 cents per ounce while Mexican dollars trade at 53 cents. The AP notes a subdued trading session with modest price shifts across precious metals.
MENTIONED IN THIS ARTICLE
New York
Chicago Butter and Eggs Prices Dip in Market Report
Chicago prices show butter for creamery extras at .45 1 4, standards .44 to .44 1 4, firsts .41 1 2 to .42 1 2. Eggs fall to .42 to .43 for firsts. Market notes indicate a general price decline across dairy products.
MENTIONED IN THIS ARTICLE
Chicago
Foreign Exchange Rates Move Irregularly in New York
Banks report mixed foreign exchange quotes on December 18 with currencies including Great Britain at 4.81 5-8 for cables and 4.80 3-8 on day bills, France at 3.82 cables, Germany 23.80, Norway 20.10, Tokyo 43 3-8, Shanghai 77 1-2, Montreal 99 31-32, and other nations listed with varying bid and ask figures.
MENTIONED IN THIS ARTICLE
New York
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
Czechoslovakia
Jugoslavia
Austria
Rumania
Argentina
Brazil
Tokyo
Shanghai
Montreal
Chicago Wheat Prices and Grain Quotes for Dec 18
Chicago wheat prices include No 1 hard 1.76 1-2 to 1.79 and No 2 hard 1.74 1-4 to 1.76 1-4. Corn No 2 mixed .71 to .72, No 3 yellow .74c. Oats No 2 white .42 1-4 to .42 1-2, No 3 white .41 3-4 to .42 1-4. Rye No 2 1.01 3-4 to 1.02. Barley 6.74. Timothy seed 6.75 to 7.25, cloverseed 24.00 to 30.50. Lard 14.45, ribs 14.50, bellies 14.50.
MENTIONED IN THIS ARTICLE
Chicago
Market Summary of U S Bond Prices
New York closing bond report shows U S 99.22 for the first 4s at 100, first 4 1 4s at 101.25, Liberty 3 1 2s second 4 1 4s at 100.22, third 4 1 4s at 100.27, fourth 4 1 4s at 101.30, treasury 4s at 102.28, and treasury 4 1 4s at 106.
MENTIONED IN THIS ARTICLE
New York
U. S
Liberty
Treasury
Treasurey
New York Raw Sugar Prices Dip on Decline
New York sugar markets report a 1 32 drop to 4.08 duty paid for raw sugar while refined sugar holds steady at 5.00 to 5.50 per unit for fine granulated.
MENTIONED IN THIS ARTICLE
N. Y
New York
Stocks Rise and Rally in Foreign Exchange Markets
The report notes gains in steel common, United Drug, Pullman and Mack Trucks added to the stock list. The foreign exchange market shows a sharp rally of 14 points to 3.74 1 2 cents in French francs. Sterling remains firm at 4.84 34 dollars. Total trading ends irregular with about 1,600,000 shares exchanged.
Weather Outlook North Carolina and Virginia
North Carolina sees fair conditions tonight and Saturday with temperatures slowly rising and moderate shifting winds. Virginia reports fair weather tonight and Saturday with a gradual temperature rise and moderate to fresh westerly winds.
MENTIONED IN THIS ARTICLE
North Carolina
Virginia
Tennessee Weather Outlook Tonight and Saturday
Fair conditions prevail in Tennessee tonight with warmer readings in the far west. Saturday brings moderate winds, a gradual rise in temperature, and a chance of rain in the extreme southwest portion.
MENTIONED IN THIS ARTICLE
Tennessee
New York Poultry Price Report Markets Dec 18
Live poultry firm quotes show chickens by freight 25 to 27 cents, by express 26 to 29 cents. broilers by express 35 to 40 cents. fowls by express 21 to 30 cents. Turkeys by freight 40 cents, by express 40 to 45 cents. Dressed poultry firm at southwestern 43 to 52 cents.
MENTIONED IN THIS ARTICLE
New York
Freight
Express
Turkys
Turkeys Southwestern
Butter and eggs market report from New York
In New York on December 18, butter firm creamery extras forty seven and a half to forty seven cents per pound. Firsts forty four to forty seven. Eggs unsettled with fresh gathered extras forty seven to forty eight and firsts forty five to forty six. Cheese prices steady.
MENTIONED IN THIS ARTICLE
New York
Wall Street stocks rise on opening amid holiday demand
Strong opening on Wall Street as investors bid up equipment shares and oils after tax and dividend signals. General Electric led gains moving over five points while United States Cast Iron Pipe and Baldwin Locomotive rose, aided by Fed rate retention and strong railroad orders.
MENTIONED IN THIS ARTICLE
New York
Chicago
Preferred
Chicago & Great Western
West
Pacific Oil
General Electric
Califor
Baldwin Locomotive
Pressed Steel
United States
Hudson Motors
American Can
Illinois Central
Chrysler
Frisco Common
International Complision Engineering
Childs Company
Cash Wheat and Corn Prices in St Louis Report
St Louis market notes list cash wheat No 2 red 1 81 to 1 83 No 2 hard 1 72. corn No 3 white 70 No 3 yellow .71. oats No 2 white .73 1 2 No 3 white .42 1 2 .43. wheat futures December 170 1 2 May 1 66 7 8 July 1 44 1 2 bid. corn December 73 May 80 1 4 to 38 bid July 82 bid.
MENTIONED IN THIS ARTICLE
All. Chem
Car & Fdy
Kenecott
Lehigh Valley
Louisville & Nash
Mack Truck Ee
Marland Oil
Pennsylvania
Wwe Neneeee
Chandler Motor
Phillips Pet
Chesapeake & Ohio
Otereses
Pierce-Arrow
Chic
Northwestern Preseee
Radio Corp
Mil
St. P. Pfd
Reading
Shen Eeece
Eee
Cereascensoiecoce
Colorado Fuel
Sinclair Oil Con Ee Enneereensesesesenes
Consolidated Gase
Southern Pacific
Southern Ry
Crucible Steel
Standard Oil
Cal
N. J
Dodge Bros
A” Ferews
Stewart Warner
du Pont de Nem
Studebaker Demersengence Sas
Lt. Eds
Texas Co
Erie Railroad Es
Texas Gulf
Texas and Pacific
Foundation Co Ee
Union Pace
General Asphalt
United Cigar Stores
General Electric
U. S
General Motors
U.S. Ind
U. S. Steel Ee
Northern
Pfd
Gulf States Steel Srine
Wabash Ry
Hudson Motors
Ward Baking
Illinois
Central
Westinghouse Elec
Wewe
White Motor
Int
Combustion Eng
Harvester
Willys-Overland
Woolworth - Wee
St. Louis
Call Money Rates and Loans Report from New York
Call money firmer with high 5 1-2 and low 4 3-4. Closing bids 5 1-2 offered at 5 3-4, last loan 5 1-2. Time loans steady with mixed collateral 60-90 days 4 78, 4-6 months 4 7-8 to 5. Prime mercantile paper 4 1-4.
MENTIONED IN THIS ARTICLE
Call Money
New York
Call
Prime Mercantile
Notice of Sale in Chancery Court Kingsport Tennessee
In obedience to a decree of the Chancery Court at Kingsport Tennessee in R. W. Ervin vs J. F. Turner et al I will on Saturday January 2 1926 at 11 oclock a m in front of the court house door in Kingsport sell to the highest bidder a tract of land in Sullivan county described by metes and bounds with a six to twelve month credit and a lien on the property.
MENTIONED IN THIS ARTICLE
Chancery Court
Kingsport
Tennessee
R. W. Ervin
J. F. Turner
Court House
Sullivan County
Chestnut Ridge
Sam Isley
Alvin Isley
J. B. Fleenor
Enoch Shipley
John Taylor
Federal Land Bank
Also Mentioned on This Page
Weekly Business Review
Earth
Wees
Wie
the Times
J. Fred Johnson & Company
Wall Street
Nation Lead
The
First National Bank
Kingsport, Tennessee
Tom C. Warrick
Asst
C. C. Hamlett
Tennessee Lumber & Supply Co
Old Kingsport
Clinchfield Coal Egg
W. W. Fain
Sidney
Smiy
Kingsport Times
Kingsport Hosiery Mills
Kingsport Foundry
Hayes
Edward Gerrald
Corner Rock
Maple Streets
Bath
C. G. Frye Optometrist
Kingsport Drug
Holston Drug Co
Broad St
Palace of Sweets
Cherokee St
H. M. McNeil
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